Activision Blizzard Reportedly Planning Massive Layoffs

Activision Blizzard is reportedly planning on announcing job cuts that could "number in the hundreds" following slowing sales for the company responsible for such titles as Call of Duty and Overwatch.

As reported by Bloomberg, the announcement of these layoffs could arrive as early as Tuesday and are "part of a restructuring aimed at centralizing functions and boosting profit."

Activision Blizzard's shares dropped around 2.5% on Friday and is furthering the story that was "acknowledged on a November conference call that some key titles, such as Overwatch and Hearthstone, were seeing flat or declining numbers of users."